General World News

Mortgage rate watchers are closely tracking the labor market

Officials at the Federal Reserve this week signaled that it’s too early to declare victory in the battle to bring inflation back to the 2% target, despite some signs of improvement. That could tamp down optimism for a speedy rebound for the mortgage industry. 

According to the minutes from the Federal Open Market Committee (FOMC) meeting in December – in which officials raised the federal funds rate by 50 basis points – monetary policymakers agreed that the inflation data in October and November was promising. It showed that the pace of price increases was slowing. 

“But they stressed details ⇒

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